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Dec 18, 2012
12/12
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CNBC
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ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a turnaround, i think you must give the ceo a chance. in this case, he came out and he said from the start, it's going to take two or three years or a number of years. >> he's only been there 13 months. herb, i know you're a tough trader. he seems like such a nice man. >> he seems like a really nice man. he's engaging. nice and execution are two separate things. he is really trying to recreate a major retailer. no one has really done it quite like that. will he be able to do it? he could end up as a best ceo down the road. >> no
ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a...
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Dec 7, 2012
12/12
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KOFY
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announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers. you only have until december 7th to enroll. >>> the duke and duchess of cambridge issued a statement this morning expressing their sorrow over the apparent suicide of a nurse at the hospital where the pregnant kate was treated for severe morning sickness. the nurse was found unconscious near the hospital in london. she was the nurse who earlier this week took a prank call from two australian deejays pretending to be the queen and prince charles. she transfered them to kate's private nurse who gave detailed information on kate's condition, all of which was recorded and went viral. the radio stat
announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers....
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Dec 11, 2012
12/12
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MSNBCW
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eye 139
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what is their card game at the end, ron? >> it's kind of a crisis capitalism in a way or crisis governance. they create an energy by going over the fiscal cliff and then they say because we have this big emergency we need to do drastic things to defund mostly the domestic side of government, turn it over to private industry. that's their aim. it's to drown the government in their bathtub as grover norquist famously said. >> i know. that sounds like the late senator moynihan that the idea of supply side was basically to get rid of so much revenue the government had such big deficits that even liberals couldn't call for new programs. dana, your thoughts on that? >> that would be well and good except they're also getting all the taxes to go up at the same time so they're not achieving anything by that. the republicans realize they lose politically if we go over the fiscal cliff, but this isn't just a political thing. the country loses economically if we go over it and then everybody is going to suffer -- >> let's go back to nor
what is their card game at the end, ron? >> it's kind of a crisis capitalism in a way or crisis governance. they create an energy by going over the fiscal cliff and then they say because we have this big emergency we need to do drastic things to defund mostly the domestic side of government, turn it over to private industry. that's their aim. it's to drown the government in their bathtub as grover norquist famously said. >> i know. that sounds like the late senator moynihan that the...
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Dec 15, 2012
12/12
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CNBC
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jcpenney because of the attempt to turn the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments marked the bottom in the stock. as i pointed out at the time, i shopped jcpenney on tuesday and it was actually quite nice. i had lost this really good hat. if anyone knows my hat, please give it back to me. i went to buy it and they were all out of them. at $21 jcpenney can go higher even without additional news. best buy, i think the fundamentals here are on the decline. it feels terminal to me. so it seems a little ridiculous to own the stock. just as i think it's a little ridiculous that schultz, the founder, can get the financing to make the takeover that he so desperately seems to want to do.
jcpenney because of the attempt to turn the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments...
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Dec 10, 2012
12/12
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MSNBCW
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ron, the gop has announced a new party, quote, grow the party and win. how effective will it be when the only recognizable names are ari fleischer and haley barbour's nephew henry who believe the polls are skewed against mitt romney. >> i don't agree with that. i think politics is about addition not subtraction. we did a very bad job with outreach with people of color, we alienated college educated women, the gay vote and the hispanic vote. if the republicans are serious about growing as a party and about moving forward not only for 2014 but the presidential election, we need to grow and expand our base and we didn't do it this time. >> when the election was in process, why were you not standing up and condemning publicly some of the things that were repeatedly being said that were mildly racist, deliberately sexist, often divisive of people. why didn't you stand up and -- >> quite to the contrary. i have been very, very difficulty ebt db. >> you have been on the show regularly -- >> i have been on other networks and shows. >> we're not interested in tho
ron, the gop has announced a new party, quote, grow the party and win. how effective will it be when the only recognizable names are ari fleischer and haley barbour's nephew henry who believe the polls are skewed against mitt romney. >> i don't agree with that. i think politics is about addition not subtraction. we did a very bad job with outreach with people of color, we alienated college educated women, the gay vote and the hispanic vote. if the republicans are serious about growing as...
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Dec 23, 2012
12/12
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CNNW
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ron brownstein, susan page, mike duffy. when we return, another kennedy eyes the senate seat in massachusetts. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> before we leave. a check of the headlines. more than 90 people have been killed in an air strike on a bakery in syria's central hama province. the strike hit a town recently seized by rebels in a new push to take territory in hama. rebels have been fighting the government of president assad for 21 months. south korean officials say the rocket launched by north korea earlier this month shows the reclusive nation has developed the technology to fire a warhead capable of reaching the united states. despite international condemnation the launch seen as a boost to the credibility of north korea's new lead
ron brownstein, susan page, mike duffy. when we return, another kennedy eyes the senate seat in massachusetts. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> before we leave. a check of the headlines. more than 90...
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Dec 24, 2012
12/12
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KTVU
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ron gidwitz runs a 527 superpac called the new prosperity foundation, which supports republican house candidates. > do you think there's a trend away from 527's to 501c4's? "in many cases there has been." and the numbers bear that out. 527 funding actually fell from 2008 to 2012, meaning more of that nearly $1 billion of campaign spending by outside groups comes from donors who do not need to disclose their name. reporting for first business news, i'm paul eggers. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive
ron gidwitz runs a 527 superpac called the new prosperity foundation, which supports republican house candidates. > do you think there's a trend away from 527's to 501c4's? "in many cases there has been." and the numbers bear that out. 527 funding actually fell from 2008 to 2012, meaning more of that nearly $1 billion of campaign spending by outside groups comes from donors who do not need to disclose their name. reporting for first business news, i'm paul eggers. moments after...
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Dec 28, 2012
12/12
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CNBC
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ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, it's got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of the things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold here. we do buy and homework. if you suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo leaves, that matters, but in general we don't like to be greedy because bulls make money and bears make money and hogs get slaughtered. if you can take out enough money to be able to play with the house's money, that's when you're golden. your portfolio should be able to dividend, not to buy, but dividend and conquer. make sure you have at least one high-yielder. that helps when it comes to diversification. after the break we'll try to make you even more money. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your questions, #madtweets. >>> tonight
ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, it's got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of the things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold here. we do buy and homework. if you suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo...
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Dec 26, 2012
12/12
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CNBC
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that's ron shaw with gina ventures. >> thank you. >>> all right. coming up on the show, want an ipad mini but can't get your hands on one? a new report saying that apple may not be able to keep up with demand for the smaller tablet. we're going to tell you why coming up. >>> plus, china's need for speed doesn't just apply to its economic growth. we'll explain that next. >>> and as we go to break, take a look at some the big winners and losers on the dow this year. >>> with welcome back. u.s. traders will begin trading in just over 30 minutes. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern. >>> now to some of the other stories making news. former president george h.w. bush remains in a houston hospital as doctors say his health took a turn for the worse right before christmas. the 88-year-old former president has been in the hospital since november 23 with a lingering bronchitis-like cough. he had hoped to spend the holiday at home but developed a fever. doctors are cautiously optimistic that bush will recover but
that's ron shaw with gina ventures. >> thank you. >>> all right. coming up on the show, want an ipad mini but can't get your hands on one? a new report saying that apple may not be able to keep up with demand for the smaller tablet. we're going to tell you why coming up. >>> plus, china's need for speed doesn't just apply to its economic growth. we'll explain that next. >>> and as we go to break, take a look at some the big winners and losers on the dow this...
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Dec 17, 2012
12/12
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CNBC
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ron, lou do we do that? it is such a divided scan county on so many levels right now. is this the point that brings is together? >> i think it might be. we all recognize on the constitution, second amendment right to bear arms. but you reach a certain point. high speed ammunition clips. bullets designed to kill people and not animals. you have to say to yourself, does the time come in our culture and society where we need to revisit this issue? i think we have to take a strong look at this. >> i agree with it. this is about children. it is about awful tragedies occurring inside homes of worship. kindergarten, movie theater, college campuses. in addition the streets of chicago, new orleans, each and everyday. it is time to recognize it is too many lives. too much tragedy. it is time for action. we have to turn the tears into action. >> ty? >> we are a nation of 311 million people and 200 million guns. if the country were to pass a law or even a constitutional amendment tomorrow, because the second amendment is pretty absolute, it says the right to keep and bear arms sha
ron, lou do we do that? it is such a divided scan county on so many levels right now. is this the point that brings is together? >> i think it might be. we all recognize on the constitution, second amendment right to bear arms. but you reach a certain point. high speed ammunition clips. bullets designed to kill people and not animals. you have to say to yourself, does the time come in our culture and society where we need to revisit this issue? i think we have to take a strong look at...
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Dec 14, 2012
12/12
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KGO
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because mint, keith, charlie, and ron still rock with the best of them, while calling this live chapter 50 and counting in defiant refusal to ever roll to an end. tonight, time is on our side, as "nightline" brings you the only tv interview since their golden anniversary. there's a scene in the new hbo documentary "crossfire hurricane" that takes us backstage with the stones in the early '70s. back when mick jagger would slither into a body suit, snort coke off a switchblade, and then with molten sexual energy proceed to blow the minds of an arena packed to the sweaty rafters. the laws of burnt out physics tell us that this level is supposed to either split a band or kill its stars young. well, behold mick jagger at age 69. ♪ for two and a half hours, he shimmies laps around the lips and tongue stage, as baby boomers and their kids get a contact high from all this vintage uncut rock 'n' roll. how do you do it? how do you do it? i was sore watching. >> it's just what i do really. and then after that, you have a room full of people come over and go crazy and drink all your wine. >> we w
because mint, keith, charlie, and ron still rock with the best of them, while calling this live chapter 50 and counting in defiant refusal to ever roll to an end. tonight, time is on our side, as "nightline" brings you the only tv interview since their golden anniversary. there's a scene in the new hbo documentary "crossfire hurricane" that takes us backstage with the stones in the early '70s. back when mick jagger would slither into a body suit, snort coke off a...
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Dec 6, 2012
12/12
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CNBC
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something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towel on this deal. he's a guy who fought tooth and nail against this thing, against raising tax rates. you may want to work from the outside in, which is the way the press is portraying this. it looks like too many republicans are beginning to throw in the towel. they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to solicit a bid to buy itself out. it has a drug that's
something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towel on this deal. he's a guy who fought tooth and nail against this thing, against raising tax rates. you may want to work from the outside in, which is the way the press is portraying this. it looks like too many republicans are beginning to throw in the...
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Dec 27, 2012
12/12
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CNBC
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they told they're all in with ron johnson, obviously, many of these fund managers are all in with ron johnson, too. those are guys i don't want to bet against, especially the stock traded down to 16 bucks. >> in terms of psychology, everything we talked about from jason coming on the show, talk in ing about a bond friendly world to uncertainty, there's no room for error for investments. maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get it why. >>> and the gold trade has hardly budged. why is that? we'll head to the pits to find out. >>> housing on track for the first yearly gain in more than six years. a look whether the trend continues in 2013 and the best housing stock ahead. >>> shares of delta soaring more than 40% and we will debate whether the stock is on au autopilot or due to land. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose
they told they're all in with ron johnson, obviously, many of these fund managers are all in with ron johnson, too. those are guys i don't want to bet against, especially the stock traded down to 16 bucks. >> in terms of psychology, everything we talked about from jason coming on the show, talk in ing about a bond friendly world to uncertainty, there's no room for error for investments. maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get...
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Dec 10, 2012
12/12
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CNBC
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we have clinical psychologist wendy walsh and ron gethner. great to have you both on. wendy i want to ask you first of all why do some people in wall street cheat? what do you think is going on in their minds in their face of potentially being prosecuted? >> well, first of all they're getting an exciting rush of dopamine in their brains no different than a shoplifter would. and they analyze their risks and rewards. the risks to them is minimal. because it is not prosecuted enough. every once in awhile there's a high profile person like martha stewart convicted and the rest of the time they go unnoticed. >> i would argue against that actually. >> i know, ron. "new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking to clients. the vast
we have clinical psychologist wendy walsh and ron gethner. great to have you both on. wendy i want to ask you first of all why do some people in wall street cheat? what do you think is going on in their minds in their face of potentially being prosecuted? >> well, first of all they're getting an exciting rush of dopamine in their brains no different than a shoplifter would. and they analyze their risks and rewards. the risks to them is minimal. because it is not prosecuted enough. every...
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Dec 26, 2012
12/12
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WMAR
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here's abc's ron claiborne. >> reporter: this is a story about a little girl named mia. a little dog named marley. and a real life grinch? >> somebody swiped a 7-year-old girl's dog. >> reporter: twas the morning before christmas and it was all captured on video, right outside the store where mia and her mom were shopping. >> we didn't know if we would ever seem him. >> reporter: mia was devastated. >> he's so adorable. i can't even trim my tree without him. it's so hard to be without him. >> reporter: miles away, on christmas day, a schoolteacher named tina cohen was walking through a park and noticed a man selling a dog. >> they don't look right together. it wasn't right to be selling a dog on christmas and i had a gut feeling this was not his dog. >> reporter: so, she bought the dog for $220 and took him straight to a vet. who checked him out and found his identification microchip. >> we got a phone call and he said -- he said, we have your dog. we have marley. and we screamed up and down. we had marley. >> reporter: what were you thinking then? >> jumping up and down
here's abc's ron claiborne. >> reporter: this is a story about a little girl named mia. a little dog named marley. and a real life grinch? >> somebody swiped a 7-year-old girl's dog. >> reporter: twas the morning before christmas and it was all captured on video, right outside the store where mia and her mom were shopping. >> we didn't know if we would ever seem him. >> reporter: mia was devastated. >> he's so adorable. i can't even trim my tree without him....
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Dec 21, 2012
12/12
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KGO
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ron claiborne, abc news, new york. >>> and still ahead here on "world news," medical errors. an implement left inside a patient? dr. richard besser tonight on why this is still happening often and has a brand new report, as well, on what you need to know. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater ri
ron claiborne, abc news, new york. >>> and still ahead here on "world news," medical errors. an implement left inside a patient? dr. richard besser tonight on why this is still happening often and has a brand new report, as well, on what you need to know. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it...
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103
Dec 24, 2012
12/12
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FBC
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eye 103
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promotions are working well and bringing traffic into john kerry opiniony, you know that we spoke about ron johnson and came up from apple and his whole theory, was no promotion and great prices all the time and that really was working. the and so, they're back to the promotions this holiday season and it's working. traffic is pretty busy there. >> it's working very well, at least today for the stock. thank you, nicole. well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a budget-- >> if the rates go up and another 20 billion, if you get rid of deductions, but he's increased spending 800 billion dollars a year. >> and to say that 70 to 80 billion in a budget t
promotions are working well and bringing traffic into john kerry opiniony, you know that we spoke about ron johnson and came up from apple and his whole theory, was no promotion and great prices all the time and that really was working. the and so, they're back to the promotions this holiday season and it's working. traffic is pretty busy there. >> it's working very well, at least today for the stock. thank you, nicole. well, president obama has always promised not to raise taxes on the...
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572
Dec 27, 2012
12/12
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KGO
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ron claiborne, abc news, new york. >> little marley, back with mia. that's the broadcast. >>> avalanche danger in the high sierra. two people have already died. >> tonight, i'm sandhya patel. tracking only isolated showers now when the next storm will move in and what new year's eve is looking like, coming up. >> and tragedy tonight on the streets of southern california. four people from daily city become innocent victims of a police pursuit. >> and on lighter side, a sport that they used to call frisbee golf. now, it's got a new name, and dozens of places to play. >>> here is what traffic has been like all day long headed to and from lake tahoe area. snow covered highways jammed with cars. good evening, i'm cheryl jennings. >> and i'm dan ashley. once again, we're on storm watch, more rain is coming. we are live covering the weather for us tonight. let's start with you, john. a rough day for you and many others. >> tough getting up here, everybody is testing out snow boards and skis. there is an avalanche risk here because of the series of storms we'
ron claiborne, abc news, new york. >> little marley, back with mia. that's the broadcast. >>> avalanche danger in the high sierra. two people have already died. >> tonight, i'm sandhya patel. tracking only isolated showers now when the next storm will move in and what new year's eve is looking like, coming up. >> and tragedy tonight on the streets of southern california. four people from daily city become innocent victims of a police pursuit. >> and on lighter...
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540
Dec 29, 2012
12/12
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KGO
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eye 540
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here's abc's ron clane orn. >> reporter: police say 24-year-old dawn nguyen supplied the guns used to ambush four firefighters on christmas eve, killing two of them. >> when nguyen bought the guns and said she was going to be the owner, she lied. >> reporter: authorities say she bought the guns for her neighbor, william spengler, back in 2010. that he even went to the gun store with her to pick them out. spengler, a convicted felon, could not legally purchase a firearm himself. she told police she bought the guns for her own protection and they had recently been stolen. what's not in dispute, spengler used those guns monday night, a 12-gauge shotgun and a bushmaster semiautomatic rifle while they were responding to a blaze he had set. >> firemen mike chiapperini was deceased at the scene. >> reporter: also killed, tomas kaczowka. spengler took his own life. tonight dawn nguyen is facing 10 years in prison for her alleged role in this tragedy. earlier this week, the children of webster, new york, lit candles to honor those firefighters who died. today's arrest shows how seriously law e
here's abc's ron clane orn. >> reporter: police say 24-year-old dawn nguyen supplied the guns used to ambush four firefighters on christmas eve, killing two of them. >> when nguyen bought the guns and said she was going to be the owner, she lied. >> reporter: authorities say she bought the guns for her neighbor, william spengler, back in 2010. that he even went to the gun store with her to pick them out. spengler, a convicted felon, could not legally purchase a firearm...
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Dec 28, 2012
12/12
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WJLA
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. >> ron, thanks to you. >>> with millions of americans on vacation this holiday, an unwelcome headline for passengers on a cruise ship. their holiday trips turned into a nightmare when many of them became very sick. >> reporter: it advertises comfort, luxury and haute cuisine. >> now sailing on the grandest ocean liner ever, the "queen mary 2." >> reporter: but now the colossal ocean liner is one of three cruises just this week to be rocked by mass outbreaks of the stomach flu. 194 "queen mary" passengers reported contracting the bug, believed to be the highly contagious norovirus. ngets it can even resist most of the disinfectants that are normally used to clean environmental surfaces. >> so you can touch something like this and put it to your mouth and get the virus? >> right. >> reporter: and, tonight, the -- there's no treatment. the captain suggested they stay clear of the buff eight. tonight the cdc is investigating why nearly 200 people were stricken on another ship, the "emerald princess," docked in 40 lauderdale yesterday. one of those passengers was sue hayes, who posted on f
. >> ron, thanks to you. >>> with millions of americans on vacation this holiday, an unwelcome headline for passengers on a cruise ship. their holiday trips turned into a nightmare when many of them became very sick. >> reporter: it advertises comfort, luxury and haute cuisine. >> now sailing on the grandest ocean liner ever, the "queen mary 2." >> reporter: but now the colossal ocean liner is one of three cruises just this week to be rocked by mass...
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Dec 26, 2012
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thank you so much, ron for the situation where you are. but in mobile, alabama now, this report of a twister, i want to just tell folks we're going to listen in to the local coverage of wala in alabama. >> police department has sent me some information about a tornado down in dolphin. he has reported one trapped inside under a vehicle under debris streets blocked several power poles again. also getting reports from people around the area. trinity episcopal, murphy high school. ricker buy street as i mentioned. i had some pictures sent from popularville. damage there as well. the walgreen's at the loop i have been sent some information about damage there walgreens at the loop and tenth street and pritchard. again, a lot of information coming in. we are trying to check our phones as much as possible as far as these reports coming. in lots of debris i'm being told in the roadways by mobile police and people out in the streets right now. this is not the time to be out in the streets. as far as traveling around the mobile area. we have a lot of
thank you so much, ron for the situation where you are. but in mobile, alabama now, this report of a twister, i want to just tell folks we're going to listen in to the local coverage of wala in alabama. >> police department has sent me some information about a tornado down in dolphin. he has reported one trapped inside under a vehicle under debris streets blocked several power poles again. also getting reports from people around the area. trinity episcopal, murphy high school. ricker buy...
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Dec 28, 2012
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prime minister thatcher called the president "ron" he addressed her as "margaret." together, they were political soul mates. >> i think they had a quite congenial, personal connection to each other. although what these documents show is that margaret thatcher wasn't always so full of praise for reagan. >> reporter: britain was at war with argentina, trying to hold on to its islands in the south atlantic. >> the united states came down firmly on our side, and we're very grateful we have been such strong allies. >> reporter: but in private, there was tension. reagan urged her to negotiate, but she wanted victory. mrs. thatcher said she was sure that the president would act in the same way if alaska had been threatened. to get what she wanted, the iron lady used her softer side. >> dear ron, she writes. i think you are the only person who will understand the significance of what i'm trying to say. >> very personal. >> absolutely. >> reporter: mrs. thatcher's form offensive did the trick, and they remained friends long after they left power. duncan golistani, nbc news,
prime minister thatcher called the president "ron" he addressed her as "margaret." together, they were political soul mates. >> i think they had a quite congenial, personal connection to each other. although what these documents show is that margaret thatcher wasn't always so full of praise for reagan. >> reporter: britain was at war with argentina, trying to hold on to its islands in the south atlantic. >> the united states came down firmly on our side,...
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Dec 17, 2012
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joining me now a ron weiner. once again our own robert frank also joining the conversation. great to see you guys. thank you so much for joining us. you say it won't impact spending habits. if the rich see their rates go higher, you don't think it will impact what they spend their money on. >> i don't think it will impact their lifestyle at all. in fact, the only time my wealthy clients high net worth clients when their spending habits are affected are when their portfolios are down during any given week. i don't think it'll effect their spending habits whatsoever. >> i agree with you. we're focused so much on the ordinary income tax rates. but aren't the investment taxes much more impactful. the tax on cap gains. >> i agree. they are worrisome. that's why many clients are on the sidelines and don't want to do anything. they wanted to buy into a year end rally but they're hesitant. when you don't know the playing rules especially when there's so much disorganization in washington, there's no reason for the client to get involved. but when you add other taxes now, not just ca
joining me now a ron weiner. once again our own robert frank also joining the conversation. great to see you guys. thank you so much for joining us. you say it won't impact spending habits. if the rich see their rates go higher, you don't think it will impact what they spend their money on. >> i don't think it will impact their lifestyle at all. in fact, the only time my wealthy clients high net worth clients when their spending habits are affected are when their portfolios are down...
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Dec 25, 2012
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here's nbc's ron mott. >> reporter: police say the christmas eve ambush of four firefighters battling a massive house fire in new york was spelled out by the suspected arsonist and shooter in chilling, typewritten detail. >> quote, i still have to get ready to see how much of the neighborhood i can burn down and do i like doing best, killing people. >> reporter: authority ts say 62 years william spengler, who served prison time for killing his grandmother more than 30 years ago, shot at first responders who arrived at his burning house, the fire spreading to six other homes. >> we are being shot at. multiple firemen down. i am shot. i think he's using an assault rifle. >> he was equipped to go to war to kill innocent people. >> reporter: the gunman was well-fortified with weapons and ammo. the same model used in the newtown, connecticut, school shooting. tomasz kaczowka and mike chiapperini were killed. spengler killed himself. and late today, human remains were found in spengler's house and suspect they belong to his missing sister. >> microsoft is always the burning question. i'm no
here's nbc's ron mott. >> reporter: police say the christmas eve ambush of four firefighters battling a massive house fire in new york was spelled out by the suspected arsonist and shooter in chilling, typewritten detail. >> quote, i still have to get ready to see how much of the neighborhood i can burn down and do i like doing best, killing people. >> reporter: authority ts say 62 years william spengler, who served prison time for killing his grandmother more than 30 years...
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Dec 11, 2012
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joining me now nbc's ron mott live in lansing. ron, what is the latest, and how did this come to a head so quickly in michigan? >> reporter: it came together very quickly, andrea. good day to you. it's a cold day out here, but these folks are very fired up. they don't like the way that this legislation was pushed through the statehouse here. they believe that this was a republican strategy to go through a lame-duck session. they know they've got a little more democratic leaning legislature coming here next month, and they figure that this was the most opportune time to push this legislation through. a very small window of time to actually debate the issue, and then as you mention, tomorrow governor snyder is expected to sign this into law, making michigan the 24th right to work state. i spoke with the head of the chamber here in michigan just a few moments ago. he says that this is actually not only good for the worker, but also employers. this is going to make michigan a little more pro-business, that there are a lot of projects
joining me now nbc's ron mott live in lansing. ron, what is the latest, and how did this come to a head so quickly in michigan? >> reporter: it came together very quickly, andrea. good day to you. it's a cold day out here, but these folks are very fired up. they don't like the way that this legislation was pushed through the statehouse here. they believe that this was a republican strategy to go through a lame-duck session. they know they've got a little more democratic leaning...
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Dec 7, 2012
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ron burke has been developing it glix-13. >> we found it has a very nice antidepressant effect, lasts for several days after a single sise, and with no side effects will of schizophrenia at all. >> reporter: in one study, patients taking an experimental drug had a 40% improvement in ymptoms compared to 24% on placebo. jim staples participated in the trial. ed iy hope is that the trial drug will, in time, be the last one i'll ever have to take. i take the drug for the rest of my life, but it might be the last one i have to switch to. >> reporter: the drugs are still in trial, and even if they continue to show promise, f.d.a. approval is still three to five eears away. >> pelley: thanks, doc. president obama continues a christmas tradition begun by calvin coolidge when we inntinue. um become "i can"? talk to your doctor. orencia reduces many ra symptoms like pain, morning stiffness and progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an increased risk of serious infe
ron burke has been developing it glix-13. >> we found it has a very nice antidepressant effect, lasts for several days after a single sise, and with no side effects will of schizophrenia at all. >> reporter: in one study, patients taking an experimental drug had a 40% improvement in ymptoms compared to 24% on placebo. jim staples participated in the trial. ed iy hope is that the trial drug will, in time, be the last one i'll ever have to take. i take the drug for the rest of my...
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Dec 7, 2012
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[thumping from trunk] - ron! - there we go. - hey! [thumping] help. >>> tonight on "rock center," apple's new leader tim cook gives his first television interview since the death of steve jobs. tonight, he talks about the final gift from the founder. he responds to apple's critics, why can't you be a made in america company? and hints about what may be the next big thing. >> we're living the jetsons with this. when you turn on the tv -- >> television is still television. >>> also tonight, the conversation every family should have, the decision faced by every family. so why do so many get it wrong and regret it? harry smith gives us a very intimate look inside one place where they're trying to change that. >> give me as much time as i can get. but keep me comfortable. >>> also tonight, ann curry travels to new zealand to visit film director peter jackson. can his hotly anticipated new movie "the hobbit" possibly live up to "the lord of the rings"? >> one of my favorite characters. >> ann goes inside his magical world. >> now we're real
[thumping from trunk] - ron! - there we go. - hey! [thumping] help. >>> tonight on "rock center," apple's new leader tim cook gives his first television interview since the death of steve jobs. tonight, he talks about the final gift from the founder. he responds to apple's critics, why can't you be a made in america company? and hints about what may be the next big thing. >> we're living the jetsons with this. when you turn on the tv -- >> television is still...
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Dec 19, 2012
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let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new -- >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, no mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it's a terrific stock and i want you to own it, particular
let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new -- >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, no mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that....
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Dec 29, 2012
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ron wyden wanted to make the nsa or at least encourage the nsa to develop -- >> the national security agency. >> yeah, the national security agency was conducting these blanket surveillance. instead of traditional individualized fisa act, it creates individual warrants. a kind of blank check where the judges sign a very broad authorization and the agents have discretion about who gets wiretapped, as long as it's an international communications or surveillance with a foreign target, which includes a foreign group. so might be a google g-mail account. as long as their purpose is to get information about al qaeda, they can do that, and if it turns out after the fact, that was an american's account, as as long as their purpose is to get information about al qaeda, they can do that, and if it turns out after the fact, that was an american's account, as lock as they din know at the time they were getting domestic communications, which, of course, you wouldn't, it's all legal and they can keep that in an enormous database indefinitely. and widen said, look, you are claiming we are not at ris
ron wyden wanted to make the nsa or at least encourage the nsa to develop -- >> the national security agency. >> yeah, the national security agency was conducting these blanket surveillance. instead of traditional individualized fisa act, it creates individual warrants. a kind of blank check where the judges sign a very broad authorization and the agents have discretion about who gets wiretapped, as long as it's an international communications or surveillance with a foreign target,...
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Dec 7, 2012
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ron, to you first. which one is it. >> for me it is easy. i would buy apple. i just think apple is the best position. they own hardware through software through services and i think their vertical integration across all of that is really their corps strength. >> no matter how much this stock rises or even falls, rob, it is almost impossible to find an analyst that does not like apple. can this stock do absolutely no wrong? >> well, the stock's been doing lots of wrong recently. so there are ebbs and flows in sentiment. right now people are starting to worry that maybe things just can't get any better for apple. but i think these are the kind of opportunities you have to take advantage of. i'm not saying apple's always going to be perfect but when i look at how they're executing, how they are still coming out with i believe the best products and again ownership of that whole hardware through software chain, i just think they continue to be the best positioned company. >> anthony, you beg to differ a bit. you would prefer google. make the case, sir. >> well, i t
ron, to you first. which one is it. >> for me it is easy. i would buy apple. i just think apple is the best position. they own hardware through software through services and i think their vertical integration across all of that is really their corps strength. >> no matter how much this stock rises or even falls, rob, it is almost impossible to find an analyst that does not like apple. can this stock do absolutely no wrong? >> well, the stock's been doing lots of wrong...
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ron: line travel site declared a special cash dividend of 52 cents per share. "washington post" will pay $9.80 a share to stockholders, speeding up all quarterly dividends that would have been paid next year. >>> goodyear is driving its way to a new stock exchange. it will move from the new york stock exchange to nasdaq later this month and trade under the current ticker, gt. >> aig preliminary estimate after tax losses related to superstorm sandy will total roughly $1.3 billion. that's the latest from the fox business network, giving you the power to prosper lauren: welcome back. time for a quick speed read of some of the day's other headlines, five stories one minute. first up the e.u. strongest member showing weakness. germany's central bank cutting its growth forecast saying german gdp will likely only expand 4% next year down from the previous estimate of 1.6%. >>> california attorney general suing delta air lines distributing the fly mobile app without a privacy policy. first in the state legal action under the online privacy law. >>> india is hoping to o
ron: line travel site declared a special cash dividend of 52 cents per share. "washington post" will pay $9.80 a share to stockholders, speeding up all quarterly dividends that would have been paid next year. >>> goodyear is driving its way to a new stock exchange. it will move from the new york stock exchange to nasdaq later this month and trade under the current ticker, gt. >> aig preliminary estimate after tax losses related to superstorm sandy will total roughly...
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Dec 4, 2012
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ron is now cla-- we're going to out the truth behind the spy game later. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values customer erin swenson tbought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> welcome back. we've been talking all week and for days about companies issuing these special dividends to get ahead of anticipated higher tax rates in the new year. now we find out many firms are actually borrowing money to pay out these dividends even though they have plenty of cash. why borrow the money now? they have stashed cashes overseas is one reason, and they don't want the tax hit by bringing it back
ron is now cla-- we're going to out the truth behind the spy game later. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values customer erin swenson tbought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even...
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Dec 14, 2012
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nicole: it has been under scrutiny for cutting out promotions that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a hit today. they got a downgrade. markets spooked about this.
nicole: it has been under scrutiny for cutting out promotions that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a...
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Dec 10, 2012
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has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like lipstick on a pig. in any e-mail this morning, they today farm this house to something bigger than my friends and family. >> he was brought into a no coupon strategy. get rid of them if it doesn't work. >> let's move on to "the new york times," regarding that bloomberg ear company might make a bid for the financial times. or digital property like linkedin. the mayor will move on the political stage in a couple of years. maybe wen't to run something really big. not that he's not now. >>ty, i can actually say this is not out of the realm of possibility. this is something i could se
has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like...
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ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along with that strategy. the way that it works for boehner is if he ultimately puts it on the floor and tells most of his members that they have a chance to vote against it and make playing their opposition to any tax rate increase. but he hasn't been willing to do that so far. he would get some republicans to join with dm democrats and it would pass the house. but he doesn't want to put something on the floor that would clear the house without at least half of the republican members. spending is a sticking point, but there is an asymmetry in the neg
ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along...
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penney's ron johnson. his sin, way too optimistic in offering up guidance on what supposedly is a turnaround. the result of a promising and underdelivering. the reason he's not winner of this list is because you have to give him a chance to see if he can actually pull penney out of the hole. next is really a tough one, one i really anguished over and thought this guy might be number one and that is steve ballmer of microsoft. after years of missteps and playing follow the leader and the windows part of business, which is really only 25% of revenue, windows 8 was the trigger. it just simply hasn't knocked the cover off the ball, and that's after years, as i say, of missteps in this side of the business. in the end, however, the worst ceo easily is groupon's andrew mason. this has been nothing short of a disaster. and from a ceo standpoint i would suspect many would look at him and say a joke, an expensive joke for those who bought in early on the stock, and as i've previously said, this now appears to be a
penney's ron johnson. his sin, way too optimistic in offering up guidance on what supposedly is a turnaround. the result of a promising and underdelivering. the reason he's not winner of this list is because you have to give him a chance to see if he can actually pull penney out of the hole. next is really a tough one, one i really anguished over and thought this guy might be number one and that is steve ballmer of microsoft. after years of missteps and playing follow the leader and the windows...
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Dec 14, 2012
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the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount, they're bringing back promotions, they have a friend and family thing. this is what i like. i am a volume die. the volume has been phenomenal. i believe 95% of all news in the market somebody knew the day before it came out or the week before it came out despite the rules. something is going on. there's a 43% short position on the stock. if there is good news, there could be asia huge pop to the upside. unlike tim clark, ron johnson is considered a celebrity ceo and might get the benefit of the doubt. it is i ridge the idea but could be a huge shor
the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount,...
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the proposal and i hope ron is right and i kind of thing that in the end, as with t.a.r.p. in 2008, when everybody rebelled, and then the markets crashed they got to the right place, i think that we'll probably -- we will get a deal. but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deducti
the proposal and i hope ron is right and i kind of thing that in the end, as with t.a.r.p. in 2008, when everybody rebelled, and then the markets crashed they got to the right place, i think that we'll probably -- we will get a deal. but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions....
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. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they should mutiny and not do this deal he wants to do now and do this other one that puts the onus back on the president next year to come to the table for entitlement cuts. is that what you're saying? >> i don't even think speaker boehner unless, again, something's happened early this morning, he's not even going to try to sell this deal because he knows that the offer that they've made is not real yet. in other words, again let me say the cuts are to be determined down the road, with another fiscal cliff, that's being created. so what i would hope, joe, is right now, we would go ahead and implement the entitle
. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they...
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he doesn't and he doesn't because in large part people realize are ron burr is not someone they want near the white house. jefferson becomes president and jefferson the question is how much could matter? and if you look at the jefferson administration, historians are overwhelming the most important event of the jefferson administration was louisiana purchase. that's not surprising. if you double the size of the country peacefully and almost no cost, the enormous achievement for for any president. any president would want that on the rÉsume. so is jefferson a high impact president. if he had not been there, would the louisiana purchase happen anyway? and if you look there what you see is jefferson sent missionary to france to buy the louisiana territory. he didn't he sent them to buy the city of new orleans from fraps. the louisiana territory as a whole was not mentioned by anyone in the united states as even a possibility. so they traveled across the atlantic and lands in france and starts traveling toward paris. and before he arrives in paris, the american ambassador who was alread
he doesn't and he doesn't because in large part people realize are ron burr is not someone they want near the white house. jefferson becomes president and jefferson the question is how much could matter? and if you look at the jefferson administration, historians are overwhelming the most important event of the jefferson administration was louisiana purchase. that's not surprising. if you double the size of the country peacefully and almost no cost, the enormous achievement for for any...
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a big year ahead for ceo ron johnson, leads us to craig johnson's list of disappointments, ron johnson's old employer, apple, outside the apple store in the grove yesterday in l.a., yes, you heard me, he dissed apple. well, kind of. a little. >> apple's been -- has had a tremendous success story for any number of years now, but we think in terms of traffic and what we see at the stores, things have peaked out a little bit. so, they will still have a good season, still be up strong double digits but wouldn't be the outsized growth we have seen for any number of years now. >> all right. johnson also says sacks has struggled a bit, though he says the shoe department has been fine. overall holiday growth sales blow ducks is still 2.8% but he says to meet that sales this week today, tomorrow and the weekend have to hit it out of the park, otherwise, he says close to 2%. compared to 5.8% growth a year ago. >> jane, thank you. i was doing some of my own personal channel checks yesterday at saks, they had to shut the shoe department in new york city the shoe department entire store, shut it down
a big year ahead for ceo ron johnson, leads us to craig johnson's list of disappointments, ron johnson's old employer, apple, outside the apple store in the grove yesterday in l.a., yes, you heard me, he dissed apple. well, kind of. a little. >> apple's been -- has had a tremendous success story for any number of years now, but we think in terms of traffic and what we see at the stores, things have peaked out a little bit. so, they will still have a good season, still be up strong double...
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ron cohen joins us. last time you were here you were telling us what it is doing, helping people improve their walking, development of drugs going forward is being challenged and part of the problem is if we go over the fiscal cliff and fda funding. >> it is the huge issue. if we go over the fiscal cliff, a disproportionate set of cuts is going to happen in areas that are not protected, the fda being one of them. we rely on a vigorous efficient 58 to get our drugs through as quickly as possible, get approved so people can use them. if this goes through the fda budget will be cut by $350 million. that is going to cause a huge slowdown in their ability to help us get our drugs through and do what they're supposed to do. that is a big issue. tracy: the other issue we were just talking about is the investment in new drugs. we heard venture-capital lists are not coming to the mental device world because of the excise tax. you say they're slowing down in the drug creation world as well. >> the part of that and
ron cohen joins us. last time you were here you were telling us what it is doing, helping people improve their walking, development of drugs going forward is being challenged and part of the problem is if we go over the fiscal cliff and fda funding. >> it is the huge issue. if we go over the fiscal cliff, a disproportionate set of cuts is going to happen in areas that are not protected, the fda being one of them. we rely on a vigorous efficient 58 to get our drugs through as quickly as...